Need help?

Newly Established Last Mile Delivery Company Investment Opportunity in Chennai, India

EV-based full stack delivery solution provider for businesses seeks investment to scale up.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 200 thousand
EBITDA Margin 30 %
Industries Last Mile Delivery
Locations  Chennai
Local Time 9:08 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 430 thousand for 10.0% stake (Native Currency: INR 35,000,000)
Reason: We have a fantastic pipeline to meet and for this, we require an investment to scale up our fleet, t... View More
Includes physical assets worth USD 6 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Our business provides a unique, full-stack, and rapidly expanding green mobility and delivery solutions to people and businesses.

- We are focusing on intra-city deliveries through electric vehicles and currently have a client base that includes Bigbasket, Licious, DealShare and Zepto to name a few.

- The EV vehicles have been outsourced and follow a lease model. We have strategic alliances with EVRE, OTO Capital, MBSI (Yamaha) and Log9 Materials.

- The revenue model for the business is a subscription basis as well as a revenue per day basis.

- Our team has experience of an average of 8 years across industries and companies such as Freshworks, Makemytrip, Delhivery, Ninjacart and Amazon.

- Company has 4 promoters, one of them owns the majority stake and the rest is shared equally among the three.

- We did not generate any revenue last year as our operations were launched in January and have the potential to scale up our revenue 3x month on month in terms of MRR.

- Company does not have any outstanding loans as of now.

Products & Services Overview

- Dedicated fleet support.

- On demand deliveries for businesses.

- Tech enabled platform.

- EV fleet.

- EV charging and halting infrastructure.

Assets Overview

Laptops and office interiors. We own a website as well.

Facilities Overview

Office space in Chennai which is on rent.

Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

1 Investor already contacted this Business.
Register below to connect now!

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more